Form 4: StepStone Group CEO Scott Hart Reports Changes in Beneficial Ownership

Scott Hart, CEO of StepStone Group, reports transactions involving Class B Common Stock and Class A Common Stock, including vesting and conversion of units.

Summary

• On June 1, 2024, Scott Hart, CEO of StepStone Group, reported the vesting of 297,270 Class B2 Units, which automatically converted into Class B Units.
• These Class B Units are exchangeable on a one-for-one basis for shares of Class A Common Stock.
• The report also indicates the acquisition of 297,270 shares of Class B Common Stock at $0.001 per share.
• Additionally, on June 3, 2024, Hart disposed of 13,380 shares of Class A Common Stock at $0 per share.
• Following these transactions, Hart beneficially owns 42,498 shares of Class A Common Stock directly and 3,338,561 shares indirectly through a trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions by an insider, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider, which is common in the financial industry.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership structure.
• The vesting of units is part of the executive compensation plan, impacting the CEO's holdings.

Key Dates